© Reuters. Estee Lauder Earnings Beat, Revenue Misses In Q3
Investing.com – Estee Lauder (NYSE:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Estee Lauder announced earnings per share of $1.9 on revenue of $4.25B. Analysts polled by Investing.com anticipated EPS of $1.67 on revenue of $4.32B.
Estee Lauder shares are down 29% from the beginning of the year, still down 30.35% from its 52 week high of $374.20 set on January 3. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Estee Lauder follows other major Consumer Staples sector earnings this month
Estee Lauder’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5794 on revenue of $9.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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